“This is a fabulous time for Goldman Sachs,” Cramer said during Monday’s “Stop Trading.”
Too many people think Goldman is an equities-only shop, Cramer said. Or, in the very least, they don’t recognize how big fixed income is for this company. That's why the volatility in the currency and bond markets right now is creating a “dynamite quarter” for Goldman. He expects the bond markets to stay volatile going forward, which should help push GS back to its previous highs of $180 to $190 a share.
“There’s a time for Goldman and there’s a time when you kind of don’t want to be in it,” Cramer said. “And this is the time to be in it.”
Forget about the Android smartphone operating system or GoogleTV, those products barely move the needle for Google. It’s advertising that matters here, and that business has been strong. Plus, Cramer thinks we’re starting to see the typical year-end rally in stocks like GOOG, Salesforce.com , Chipotle and Amazon.com thanks to what he called “goodwill number bump[s]” by analysts. It’s a common practice, he said, used to help the mutual-fund money managers that own these stocks but who have lagged the benchmarks. Cramer thinks GOOG could work its way to $625.
Lastly, Cramer cautioned investors against thinking that Jabil Circuit was overexposed to the ailing Cisco Systems . He sees a number of companies beating out Cisco right now that count themselves as customers of Jabil.
“So don’t just put the Cisco-kibosh on Jabil,” Cramer said.
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